For the second year in a row, Denmark holds the top position in the FM Resilience Index, an annual ranking that measures the resilience of business environments across 130 countries and territories.

The index, which is widely used by insurers, risk managers, and businesses, includes in its 2025 edition detailed data on cybersecurity risk, an increasingly critical factor in underwriting and risk management.

Why Denmark leads the resilience index

Denmark’s high rankings are largely attributed to its strong cybersecurity measures, productive workforce, and also political stability.

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These are three of the index’s 18 resilience-scoring factors. Other markers are macro risks, such as inflation and political risk, and physical risks, such as climate risk exposure and fire risk quality. Denmark is known worldwide for its excellent quality of life, education, health care, and income equality.

Cybersecurity’s role in risk management

Concerns about cybersecurity, now a factor in the resilience score, continue to rise. According to this year’s index, the top-performing countries in cybersecurity resilience are Qatar, Singapore, Greece, the UAE, and the western US.

On the other hand, nations such as Nicaragua, Haiti, and Tajikistan are at the bottom of the cybersecurity rankings.

Luxembourg and Norway complete the podium

Following Denmark, Luxembourg ranks second, while Norway completes the podium. Switzerland, Singapore, Sweden, Germany, Finland, Belgium, and the US Zone 3 (Central US) are completing the top 10.

All of these countries showed a mix of economic stability, high workforce education levels, and solid risk management strategies. According to the index, this is positioning them as favorable business environments.

Biggest risers in FM Resilience Index

The biggest risers since 2021 are three African countries: Ghana (up 17 ranks to 72), Nigeria (up 10 to 105), and Rwanda (up eight to 69).

On the other hand, the biggest fallers in the rankings have been Lebanon (down 23 positions to 118), Argentina (down 22 to 81), Armenia (down nine to 85), and Russia (down nine to 60).

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